All of the Following Statements Regarding Induced-Factor Conditions Resources Are

question 12

Multiple Choice

All of the following statements regarding Induced-factor conditions resources are true EXCEPT

• A)Induced-factor conditions resources arise from cultural and institutional pressures.
• B)Good examples of induced factor conditions are the high cultural value placed on education in many Asian societies creating a well-trained workforce.
• C)Induced-factor conditions include those resources that occur naturally such as coal and gas reserves.
• D)All of the above are true.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to cover its short-term obligations with its current assets.

Interest Bearing

A term indicating that a financial instrument or account accrues interest over time, such as a loan, bond, or savings account.

Note Payable

A written promise to pay a certain amount of money on a specific future date, representing a liability for the issuer.

Account Payable

A liability represented by an obligation to pay off a short-term debt to its creditors or suppliers.